2461 Balboa Street
Oxnard, CA 93036
0.80 acres | #V1-29273
Description
Investor Special - 11 units on nearly 1 acre for under $136K per door, making this one of the best deals in town. Currently generating $9,550 per month in rental income ($114,600 annually), with current rents substantially below market value. Market rents are projected upwards of $17,900 per month ($214,800 annually), offering significant upside potential. Unit mix includes a detached 2 bed/1 bath main house, a detached 2 bed/1 bath unit behind the main house (second bedroom is small and may be considered a 1 bedroom), a detached 1 bed/1 bath manager's unit, five attached 1 bed/1 bath units, and three attached 2 bed/1 bath units (two with bedroom-to-bedroom walk-through layouts). Similar multi-unit properties in Oxnard are currently selling for $200K to $300K per door, while this one is offered at just under $136k per door. An excellent opportunity for cash flow and value-add repositioning.
Property Details
- SubdivisionOxnard: Other - 0036
- Property SubtypeResidentialIncome
- Lot DescriptionSprinklersNone
- Property TypeMulti-Family
- Original List Price$1,495,000
- MLS #V1-29273
- MLS #V1-29273
- CountyVentura
- Cost1495000
- Year Built1946
- Acres0.8
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Jose Morales (#v211510862)
Listing Office: eXp Realty of California, Inc (#VC91510)
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